There Is a Newer Version
of
the North Carolina General Statutes
2009 North Carolina Code
Chapter 53 - Banks.
§ 53-28. Appointment where no objection made.
§ 53‑28. Appointment where no objection made.
If, upon the day fixed in said notice, no person shall appear and object to the appointment of a substitute trustee, the clerk shall, upon such terms as he deems advisable to the best interest of all parties, appoint some competent person, or corporation authorized to act as such, substitute trustee, who shall be vested with and shall exercise all the powers conferred upon the trustee named in said instrument. (1931, c. 250, s. 4.)
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